Bitcoin traded around $68,900 as it fell under $69,000, alongside a sharp jump in exchange inflows. CryptoQuant data shows Binance's 30-day retail inflow sum reached $9.197B at 05:00 UTC on June 1, 2026, the highest level since November 20, 2025. The report also points to heavier exchange deposits from the 6m–12m holder cohort through May into early June 2026.

Crypto analyst Aralez says Bitcoin is approaching a major accumulation area that has mirrored prior bear-market setups and could set the stage for a new ATH in the next bull run. He cites past drawdowns of 87%, 84%, and 77.5% from cycle highs, and notes BTC is about 42% below its October 2025 peak of $126,000. In his projections, a potential bear-market bottom near $40,000 could precede a move that reaches as high as $250,000 by 2029.

A Mt. Gox-linked cold wallet shifted 10,422.65 BTC at about 04:47 UTC on June 2, splitting the transfer into two outputs. The move sent 10,306.35 BTC (about $731 million at the time) to a newly seen address and 116.30 BTC (about $8.25 million) to another Mt. Gox-associated wallet, with no clear signs the funds were routed to major exchanges.

Bitcoin fell below $70,000 and was trading at $69,397 as the Bitcoin Rainbow Chart placed it under the model's lowest projected valuation band for late June. The chart's June 30 projection suggests BTC would need to be around $78,900 to enter the "Bitcoin is dead" zone, while higher bands range from about $105,000 to above $1.23 million. The model is presented as a long-term sentiment and valuation gauge rather than a short-term price target.

On June 2, Mt. Gox moved 10,423 BTC (about $739 million) from its cold wallet to a new address, followed two hours later by a separate 116.29 BTC transfer valued near $8.07 million. The exchange’s cold wallet was shown holding roughly 34,504 BTC worth over $2.4 billion at publication, as the court-approved repayment deadline stands at October 31, 2026.

Strategy’s first Bitcoin sale since 2022 is driving a payout dispute on Polymarket over a contract tied to whether the firm sold BTC by May 31. In a June 1 8-K filing, the company said it sold 32 BTC between May 26 and May 31 for about $2.5 million, but the disclosure landed after the market’s cutoff, splitting traders over a “Yes” vs “No” resolution.

Bitcoin fell below $70,000 on Tuesday, touching an eight-week low of $69,390 after dropping about $4,000 in under 48 hours and briefly pushing its market cap under $1.4 trillion. The move triggered more than $470 million in liquidations over 24 hours, with roughly $455 million coming from long positions. Traders also debated the impact of Strategy's 32 BTC sale for $2.5 million and whether the decline is a larger breakdown or a typical bull-market pullback.

CME Group's crypto futures and options have traded continuously since 4:00 p.m. CT on May 29, setting up the first full week without the traditional weekend CME gap. In the first 48 hours, more than 7,200 contracts traded (about $50 million notional) as Bitcoin nearly lost the $70,000 level while U.S. equities closed at record highs on June 1.